Welcome to our dedicated page for SelectQuote news (Ticker: SLQT), a resource for investors and traders seeking the latest updates and insights on SelectQuote stock.
SelectQuote, Inc. (symbol: SLQT) is a leading Direct-to-Consumer (DTC) distribution platform that enables consumers to shop for health, life, auto, and home insurance policies online. Founded over 25 years ago, SelectQuote revolutionized the process of buying term life insurance by providing unbiased price comparisons from highly-rated term life insurance companies. Today, SelectQuote stands as America’s #1 term life sales agency, renowned for its customer-centric approach and innovative technology.
The company functions through three primary lines: SelectQuote Senior, SelectQuote Life, and SelectQuote Auto & Home. These segments are further categorized into four reportable segments: Senior, Healthcare Services, Life, and Auto & Home.
SelectQuote's business model revolves around generating revenues through commissions earned by selling insurance products on behalf of its carrier partners. The trusted companies represented by SelectQuote have been carefully chosen based on their ability to offer favorable rates, especially for individuals with certain risk factors such as smoking or existing health conditions like high cholesterol or blood pressure.
One of the standout features of SelectQuote is its dedicated personal agents who are committed to answering all customer questions, providing comprehensive information for informed decision-making, and diligently shopping for the best prices available. The company’s breakthrough technology has streamlined what is often a lengthy and involved application process, ensuring a hassle-free experience for consumers.
Recent achievements include expanding their Senior and Healthcare Services segments to better cater to an aging population and those seeking specialized healthcare plans. Current projects focus on leveraging technology to enhance customer experience, expand product offerings, and increase market penetration.
Financially, SelectQuote continues to show strong performance, driven by a combination of strategic partnerships and innovative service offerings. The company's commitment to customer satisfaction and operational efficiency positions it well for future growth.
SelectQuote, Inc. (NYSE: SLQT) has regained compliance with the New York Stock Exchange’s minimum stock price requirement as of February 28, 2023. The company received a notice on March 1, 2023, confirming that its average share price exceeded $1.00, addressing a previous deficiency communicated on October 20, 2022. While there are no immediate plans for a reverse stock split, the company will seek shareholder approval for a proposal that allows the Board to effect a reverse split in the future if deemed necessary. A special meeting for stockholders is scheduled for March 2, 2023.
SelectQuote, Inc. (NYSE: SLQT), a distributor of Medicare insurance policies, announced that CEO Tim Danker, President Bob Grant, and CFO Ryan Clement will participate in Citi’s 2023 Healthcare Conference on March 2, 2023, at 1:15 PM ET in New York City. Management will engage in a fireside chat and will be accessible for one-on-one and small group investor meetings. This event will be webcast live; details can be found on SelectQuote's Investor Relations website. Founded in 1985, SelectQuote offers insurance solutions through its highly-trained agents and proprietary technology, focusing on Medicare, Pharmacy, and Value-Based Care services.
SelectQuote (NYSE: SLQT) has appointed Ryan Clement as Chief Financial Officer, effective immediately. Clement, who served as Interim CFO since
SelectQuote reported a strong second quarter for fiscal 2023 with consolidated revenue of $319.2 million, up from $194.2 million the previous year. The company posted a net income of $22.5 million, compared to a net loss of $137.6 million in Q2 2022. Adjusted EBITDA reached $63.6 million, a significant recovery from $(164.0 million) in the prior year. The Senior segment contributed $223.8 million in revenue, while Healthcare Services had $55.5 million despite a negative EBITDA of $(9.3 million). SelectQuote has updated its fiscal year guidance, expecting revenue between $910 million and $960 million with a net loss range of $94 million to $78 million.
SelectQuote (NYSE: SLQT) will release its fiscal Q2 2023 financial results on February 7, 2023, prior to market open. CEO Tim Danker and interim CFO Ryan Clement will host a conference call at 8:30 am ET on the same day to discuss these results. The company specializes in unbiased insurance price comparisons, helping consumers secure suitable policies. SelectQuote serves diverse markets including Medicare and Value-Based Care through its four core business lines. This upcoming report is expected to provide insights into financial performance and future outlook.
SelectQuote, Inc. (NYSE: SLQT) announced preliminary financial results for Q2 FY2023, estimating revenue between
SelectQuote, Inc. (NYSE: SLQT) plans a special meeting on March 2, 2023, to seek stockholder approval for a reverse stock split of its common stock with a par value of $0.01. Stockholders of record as of January 11, 2023, will be eligible to vote. The reverse stock split is designed to not affect stockholders' ownership percentages, though fractional shares may be converted to cash. Details regarding the split ratio will be communicated later. The Board has the discretion to delay or abandon the proposal if deemed unbeneficial.
SelectQuote, Inc. (SLQT) reported consolidated revenue of $162.5 million for Q1 FY 2023, up from $156.1 million in Q1 FY 2022. The company experienced a net loss of $42.5 million, improved from a loss of $48.2 million a year prior. Adjusted EBITDA was $(27.5) million, compared to $(47.9) million. Segment highlights included Senior Revenue of $77.5 million and Healthcare Services Revenue of $43.1 million. SelectQuote reaffirmed its FY 2023 guidance, expecting revenue between $850 million and $950 million.
SelectQuote, Inc. (NYSE: SLQT) has received a notice from the NYSE for failing to meet compliance with the stock price requirement, as its average closing price was below $1.00 over 30 consecutive trading days. The company plans to notify the NYSE of its intent to remedy this deficiency within a six-month cure period. During this time, SLQT's stock will continue trading on the NYSE, provided it meets other continued listing standards. The company aims to meet the $1.00 stock price requirement to regain compliance.
SelectQuote, Inc. (NYSE: SLQT) will release its fiscal Q1 2023 financial results on November 3, 2022, before market opening. The CEO Tim Danker and interim CFO Ryan Clement will host a conference call at 8:00 am ET to discuss the results. Investors can register for the call through a provided link, which also ensures a follow-up confirmation with entry details. SelectQuote has positioned itself as a leader in providing unbiased insurance comparisons, utilizing a skilled agent workforce and proprietary technology to serve consumers in various insurance sectors.
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